The Development of Courses in Finance for Master of Business Administration (MBA) Programs.

Newman, James F.

Guidelines for the development of courses in finance for master of business administration (MBA) programs are established in order to strengthen and diversify their offerings. A survey of business faculty members shows there is often a lack of concentration on finance and marketing in MBA programs. The following procedures should be implemented in order to develop courses in finance for MBA programs: (1) an analysis of new accounting pronouncements and new textbooks or articles on the subject; (2) establishment of goals and objectives for any new course; (3) selection of text and content of the course; (4) planning of instructional methodology; (5) determining means of evaluating the students; (6) obtaining college approval of the new course; and (7) providing periodic course evaluation. The introduction and approval of courses in finance has many implications for a college including the opening of the door to the introduction of other finance courses and an MBA program in finance. Introducing such courses could be a major landmark in MBA programs that could lead to increased enrollment, thus ensuring the continuation of the overall MBA program and helping ensure the future success and survival of the college. A high priority recommendation is that any new course be made available to the students as quickly as possible. Contains 24 references.(SM)